An article in today’s Missoulian details some hopeful numbers about foreclosures in Ravalli County. Some key stats: In 2011, 187 residents officially lost their home to foreclosure. That is 19 more than in 2010 and twice the number from 2009. However, in 2011 there were 385 notices of trustee sales, a significant drop from the [...]
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 January 9th, 2012 January 4th, 2012An article in today’s Ravalli Republic reports that sales of homes on less than 20 acres in the Bitterroot Valley were up in 2011 s compared to 2010. 347 homes sold in 2011 as compared to 296 in 2010 – that’s a 17% increase over 2010. 29% of the homes sold in 2011 were government [...] December 6th, 2011A couple of interesting articles from Inman about home and lot size in the USA. Inman News analyzed the average home and lot size of homes listed for sale on Realtor.com during the month of September 2011. Montana ranked #2 in lot size with an average lot size of 73,616 sq ft (1.7 Acres). Interestingly, [...] February 16th, 2011
According to this homes sales map from the National Association of Realtors, 4th quarter home sales in Montana were up 11.4% over the previous quarter and down 23.4% form the 4th quarter of 2009. According to data from the Missoula MLS, 4th quarter home sales in the greater Missoula area were down 17% from the [...] February 3rd, 2011Foreclosure filings in Montana were up 141% from a year ago and up 165% from 2008. Montana ranked 44th in the nation in total foreclosures for 2010 and its foreclosure rate ranked it 39th among the 50 states. 348 foreclosure filings were reported in Missoula County in 2010, a 174% increase from 2009 and a [...] January 20th, 2011A great overview and assessment of the Missoula real estate market in this morning’s Missoula Independent Real estate | Feeling for the bottom | Missoula Independent January 14th, 2011In RealtyTrac’s recent 2010 Year-end Foreclosure Report, they analyze the national foreclosure rate as well the 10 states that had the highest rates in the country. Here’s a graphic showing those 10 states, the national rate, and the rates for Montana and Missoula County (Note: The rates for Montana & Missoula County do not include December [...] January 13th, 2011Great article about Missoula area foreclosures in this morning’s Missoula Independent – note that as of this morning, 4.4% of homes listed in the MLS in the Greater Missoula area were bank-owned Opportunity knocks | Up Front | Missoula Independent. January 12th, 2011Interesting article about the national trend towards renting and it’s effect on home sales. Given that the local vacancy rate is typically well below the national rate (less than 5% locally vs 10% nationally in 2009), we’re left wondering whether the local rates in 2010 will show the same trend – we’ll see what [...] January 6th, 2011Missoula County reported 24 total foreclosures in November, a 29.4% decrease from the previous month but up 100% from the previous November. Montana had the 40th highest rate of foreclosures in the country, Montana Foreclosures Fall in November. January 6th, 2011According to report by NAR Research, at the end of the 3rd quarter of 2010, 8% of homes in Montana had negative equity. This is the third lowest level in the country with Oklahoma at 6% and North Dakota at 7%. Negative Equity. December 28th, 2010In the Missoula area, October home prices rose nearly 20% over the previous month and were up 15% from 12 months earlier. Overall, home prices for YTD sales through October were down 4.8% from 2009 home prices. Nation on edge of double-dip in home prices – Dec. 28, 2010. September 19th, 2010CNNMoney reports this morning that the housing affordability index in the 5 most affordable housing markets ranges from 97.2% to 93.3%. The index in the 5 least affordable markets ranges from 19.9% to 35%. In the 2010 Missoula Housing Report by the Missoula Organization of REALTORS, the 2009 housing affordability index in Missoula ranged from [...] September 19th, 2010Foreclosure activity in Missoula County increased 36% percent in July to 34 properties with foreclosure filings, 467% percent above the level reported in July 2009. Montana Foreclosure Activity Rises in July. |
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